trading plan for WTI: double top in a rising channel

28 Mar 2019

hey guys,

wti is trading inside a rising parallel channel.
after the market has reached a 60 level we have a trend weakening signs.


the market could not establish a new higher high and was rejected by 60 level.

formation of a double top and overbought rsi with divergence is a red flag for us.
if the market breaks the local support level, it will also break a support line of a rising channel
- giving us a great opportunity for entry.

just wait for a bearish breakout.

initial target is based on structure.

good luck!

31 Mar 2019

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